Part 16Charity mergers

Vesting declarations and effect of merger on certain gifts

312“Transferor” and “transferee” etc. in s.310 and s.311

(1)

In sections 310 and 311—

(a)

any reference to the transferor, in relation to a relevant charity merger, is a reference to the transferor (or one of the transferors) within the meaning of section 306, and

(b)

any reference to all of the transferor's property, where the transferor is a charity within section 306(2), is a reference to all of the transferor's unrestricted property (within the meaning of section 306(2)(a)).

(2)

In sections 310 and 311, any reference to the transferee, in relation to a relevant charity merger, is a reference to—

(a)

the transferee (within the meaning of section 306), if it is a company or other body corporate, and

(b)

otherwise, the charity trustees of the transferee (within the meaning of section 306).